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now that they are working on does nothing more than raise taxes. they want more of your money, more money out of your paycheck. ask yourself does washington really need more of your money? we are $16 trillion in debt. we have deficits we can't even wrap our arms around, and they want more of your money. if you were a financial advisor that put you $1 million in debt and ripped through your college savings for your children and all of your checking account and said, just give me more money and we'll solve the problem, would you do it? absolutely not. more than jobs, though, we are also working to save medicare and social security, the commitments that we have made to the american people. so let's take a look here at the big picture. here's a budget breakdown of where we are at right now. look, your eyes are glazed over and we start talking about the trillions of dollars that we spend, but let's take a look at what you pay versus what you expect. this big blue part right here? that's on auto pilot. no adults have come to the table to talk about where we are at today and how to actuall
a silicon valley insider and former yahoo coo daniel rosenzweig on the push for the sales tax. what impact will that have on retailers? you'll want to hear his answer this morning and first, why dollar general can make some sense for your portfolio and take one more look at futures this morning. looking at a pretty decent open for a short workweek this day as we have good friday off here. live from squawk on the street from post 9 when we return. your big picture. but e with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> shares of dollar general rising in pre-market tradex clueding items that yrms 97 cents a share, beating wall street forecasts and revenues essentially in line with the company benefiting from increased food sales and jimmy,
a tax. andxes when you earn money the government takes away some of your money. all this is a basic issue of fairness. there is not a spare room subsidy for people in private rental accommodations in receipt of housing benefits. so we should ask why is there a ?pare room subsidy this government is putting it right. the youth led digital increasing cutting machine. tomorrow, nestlÉ opened the brand-new's date of the mark -- state-of-the-art plant. does my right honorable friend agree with me that these significant investments show that this government is making written well-equipped to win the global race. >> i think my honorable friend is absolutely right. i do see investment taking place by large multinational companies like nestlÉ who recognize now we have one of those come additive tax systems anywhere else in the world. kpmg recently reported that come in just two years, we have gone from having one of the least competitive corporate taxes in the world to having one of the most competitive. what has changed is the arrival of this chancellor and this government that has put rig
, was reportedly looking at real estate opportunities on the island. a new law would eliminate taxes on gains from the $9.5 billion he has invested in his own hedge funds. his fund released a statement last friday that indicates he has no plans to permanently relocate. survey says... mark zuckerberg is a top ceo. zuckerberg topped glassdoor.com's list of top ceos of 2013. ceos from sap, mckinsey & company, ernst & young and northwestern mutual rounded out the top five. meanwhile, tim cook slipped from the top spot last year to 18th. employees of the companies vote on their ceo, which means facebook employees really "like" their boss. ceo salaries are under scrutiny as recent filings reveal the earnings of the top brass. according to reports, john stumpf of wells fargo is the highest paid head of a major bank. on the heels of rising profits, his compensation package last year was nearly $23 million. in the automotive sector, ford ceo alan mulally took a pay cut but still made more than his peers at gm and chrysler with $21 million. and in a 25-year-long tradition, warren buffett still makes $100,00
anger. the deal includes a heavy tax on bank deposits. savers queued for hours to try to get their money out. now the government says all banks will be closed till thursday as it negotiates the terms of this deal. gavin hewitt starts our coverage. >> hurt, anger, outrage -- that was the mood on the streets of the cypriot capital. in exchange for european bailout, small and large savers will have to pay a one-off tax. >> we are sleeping. we all come in the morning, knowing that we were significant -- >> as a nation, it has taken us 40 years to build our economy to the level it is. with done one day -- within one day, we have shot it down. we are very betrayed. >> they can do it anywhere. live in europe, europe has betrayed us. >> at one stage, the crowd was urged to march towards the presidential palace. many people believed their savings had been guaranteed. what is clear is that the bailout deal negotiated in brussels cannot be implemented here except in the face of furious opposition. will have depositors to pay -- just reducing the amounts savers and depositors will have to pay probab
tax of 6.75%. and is not just the terms of the bailout making people here angry. some people feel they are being lied to. >> none of the promises they're making are real. five days ago, they were saying there was no chance for a haircut. now there is this situation than they are promising somehow we will get it back. there is no chance. >> germany has been blamed for insisting on the levee. they say they are open to changes. it includes a levy on deposits under 100,000 euro. the numbers we came up with are the base level. if there is any other way to achieve it, up to 100,000, we would not have the slightest problem. we would have to wait and see. >> given the angry reaction, there does appear to be rethinking going on behind the scenes. >> for more, we cross over live to cyprus to talk to nathan. it looks like the public backlash and international criticism are indeed forcing a rethink on this levy on bank deposits. how much room do they have? >> quite a bit of room as long as they can meet the magic number a 5.6 billion euros which would have been collected from the taxes they w
taxes taken out of the pockets of hardworking american families, more government spending which adds to the trillions of dollars in debt that will be handed down to the next generation. our friends on the other side of the aisle talk about a balanced approach, but they refuse to even balance their own budget. our vision calls for a stop to washington's failed policies and reckless spending. it says american families and small businesses understand you can't spend more than you take in. you need to balance your budget, and it's time for washington to do the same. this vision seeks to protect the things that we value most, to keep the promises we made to our seniors, to our veterans. i'm the son of a u.s. marine. while at the same time allowing us to leave a better future for our kids and our grandkids, that's the vision i want to work toward and that's why i'm proud to support the house budget committee's proposal which we'll be voting on later this week. this isn't about passing a budget for one year, just one time. this is about creating lasting solutions that help grow our economy
clara. >> tonight the council agreed to waive a 9.5% hotel tax on the 350 rooms the staff will occupy. it will also waive a 10% ticket surcharge and a 35 cent ticket fee funding senior and youth programs and a $4.54 parking fee will be waived. >> by having fees waived it makes us more attractive. even though we have all of this to offer it is the first time we are doing this. we want to make sure we are competitive. >> santa clara is going up to host super bowl 50. miami has already hosted 10 super bowls. but sources say they can't afford to waive the hotel tax. hotel managers meantime say temporarily waiving the tax won't affect their bottom line. >> the exposure we will get here during the super bowl event will more than make up for anything that is lost. >> by exempting the rooms left to nfl employees and nfl workers they would be exempt to the tax on those rooms and that money would not be paid. >> reporter: some worry about what santa clara is is conceding in order to win this bid. but the majority of those here tonight couldn't be happier with the possibility of hosting a super
approved a measure that exempts several tax measures for the n-f-l. kron 4's j.r. stone talked with santa clara's mayor who says this is a win win deal for everyone. while some still question this move?.mayor jamie matthews told me tuesday evening that the city will as part of the agreement that was unanimously approved?.hotel tax?s for 350 of those with the nfl will be waived. two tax surcharges that would go to funding the new stadium are also waived among other things. the mayor says money will be made back from filling hotels and also private donors. some that i talked with this evening are still not happy with the city?s decision. santa clara is competing with miami for the 2016 super bowl. miami however chose not to give in to these requests made by the nfl. mayor matthews believes this move puts santa clara in a prime position to get the big game. while there was lots of super bowl talk tonight keep in mind the nfl won?t make their decision on a location until late may. reporting in santa clara j.r. stone kron 4 news. now to a developing story in san jose. police are looking for a
the council agreed to waive a 9.5% hotel tax on the 350 rooms the staff will occupy. it will also waive a 10% ticket surcharge and a 35 centfd youth programs and a $4.54 parking fee will be waived. >> by having fees waived it makes us more attractive. even though we have all of this to offer it is the first time we are doing this. we want to make sure we are competitive. >> santa clara is going up to host super bowl 50. miami has already hosted 10 super bowls. but sources say they can't afford to waive the hotel tax. hotel managers meantime say temporarily waiving the tax won't affect their bottom line. >> the exposure we will get here during the super bowl event will more than make up for anything that is lost. >> by exempting the rooms left to nfl employees and nfl workers they would be exempt to the tax on those rooms and that money would not be paid. >> reporter: some worry about what santa clara is is conceding in order to win this bid. but the majority of those here tonight couldn't be happier with the possibility of hosting a super bowl. >> i support the super bowl in santa clara beca
controversial question about a deposit, a compulse or pi eposit tax and what -- compulsory deposit tax. they are proposing 20% of accounts over $130,000 in the bank of cyprus and 4% on the other banks in the sector, bank, the ean lyki second biggest. in theory, these two deposit haircuts won't require another vote, so this makes up another total package, including the plan to save the banks, wind them up and save the cost of recapitalizing, that the cypriots can take on sunday to the euro group and finance mirnses and the i.m.f., based on closed-door meetings that have been going on all day with the troika and say here's our compromise, give us the bail out so we can get opened. it looks like cyprus now is tantalizingly close to a deal. but it it won't come without significant pain for many. peter sharp has this report. >> the people of cyprus had endured a week of increasing uncertainty. as the talks dragged on they took to the streets for yet another night to voice their fears and frustrations. >> if they don't realize that we have strength and we will fight, if they lead us to a dea
? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. the longest 4g lte battery in a razr thin profile. with 32 hours of battery life that turns an all-nighter, into a two-nighter. the droid razr maxx hd by motorola. droid-endurance. droid-powerful. >> well, a judge may have ruled against his big soda ban, but new york city mayor michael bloomberg is at it again. the target this time, cigarettes. if the mayor has his way, stores in the city may no longer be able to publicly display tobacco products and instead keep them under the counter or behind curtains. the proposed legislation is the latest crackdown by bloomberg who successfully banned smoking in new york city restaurants and bars in 2003 and has since taken on not just the sugary drinks, but salt, trans fat and even baby formula. so, mary, the
go about securing funding for the various graffiti programs? do you use grants, tax assessments, et cetera? anybody? >> i think i can take that. >> okay, ready. >> for anyone who didn't attend my session, i do a juvenile program where i take kids who have been convicted of graffiti crimes to do community service on saturdays. the way i do this is get a public grant from department of public works where we take kids out to graffiti hot spots, we paint over graffiti and they get a reduced fine and credit for probation officers. this is done through a public grant. it's a very effective program. we have been able to turn a lot of kids around, restore justice. we get a lot of positive feedback from the community, a lot of other officers are happy to get the overtime. and as an officer, you're really able to facilitate the program well because you are able to put on a lot of different hats, communicate with probation, you communicate with traffic court judges, with community referral center, and with station personnel. so, you really act as a good communicator and facilitator in the prog
in funds that were originally estimated for phase 1 budget from tax revenue and the sftca won't be available for phase 1 construction. the other revenue sources that we've identified as potential funding strategy for the adjustment in the phase budget would be to increase the loan amount. we are beginning the dialogue with it to make those adjustments. that potentially could result in as much as $97 million in additional revenue to the program. sales tax that the programmed out in future years to phase 1, that would result in about $15 million in phase 1 funding. we have a pending grant through the one bay area grant program to fund pedestrian area for bikes just over $10 million and we are ranked highly in that process and expect to hear something later in this spring with the success of that grant. also potentially accelerating grants from phase 2, likely through a no interest loan from one of our partners. the phase the can't be developed until actual phase 1. because of the restrictions of the use of land sale revenues, we are looking at this to construct only a relative
for losers ♪ ♪ 'cause we are the champions ♪ ♪ of the world. ♪ i know taxes. the ins and outs and how to get things done. you can bring me any tax problem and i will deal with it. we know and we understand. tax laws. tax theories. the more complicated the better. just bring it on. sorry, somebody's sitting there. who? my physics bowl trophy. that trophy is meaningless. i forfeited, therefore you did not win. i know someone who would disagree. who? my physics bowl trophy. (high voice): leonard is so smart. sheldon who? all right, that is very immature. you're right. i'm sorry. (high voice): i'm not! okay, new contest. leonard: what are you doing? i am settling once and for all who is the smartest around here, okay? are you ready? absolutely. bring it on. okay. "marsha, jan and cindy were the three daughters in what tv family?" the brady bunch. okay. "sammy hagar replaced david lee roth as the lead singer in what group?" the brady bunch? van halen. all right. "madonna was married to this ridgemont high alum." oh, my god! sean penn! how do you know these things? i go outside and i talk to peopl
trade that stuff and make money off of it if you buy enough quantity. it is triple tax-free. anything related to california, municipalities, people are buying them. they are buying them at discount and they are trading them. they are clipping the coupons. do they hold them until maturity? maybe not. here is one more, yankee stadium that that was issued to basically build the garage, again, buying with pennies on the dollar. you do not necessarily hold it until maturity. this is a trade. trade detail risk. big risk here. you can make some money. >> i will follow your advice and not go into this market. california, basketcase when it comes to taxes. it seems too low if they are trading at pennies on the dollar. charlie: it is the real distress stuff like this west virginia tobacco bonds. why aren't the tobacco bonds distressed? when you raise taxes, people will not smoke. they will not pay the taxes. as a trade, you can make some money. jon corzine rolled the dice with short term, i it was italian bonds and spanish bonds. his dad turned out money good. people lost confidence in his abil
and half through tax hikes. senator corker, let me start with you will senate republicans accept a tax increase if you get serious entitlement reform and cuts? >> i think senate republicans and all republicans want to see a 75 year solution to entitlements and i think republicans are joined in wanting to see tax reform so to the extent that generates revenues and how that is scored obviously that will be debated as we move ahead but i think all of us understand the real issues driving the deficit is in our o country are the entitlements. we want to see these available for generations to come. >> chris: but real quickly you you understand the price for entitlement reform in any deal would be a tax increase. would you buy that and what do you think are the prospects there willle be a deal sometime before this summer? >> well, again, i think there by the way is a chance on a deal. i know the president is saying the right things and we have an opportunity over the next four to five months i think that we will know when the president is serious by virtue of a process that is set up where he
to tax bank deposits really royile the markets first thing this morn ing. cyprus? really. jane wells has been asking exactly that question on tw twitter. >> cyprus has a gross domestic product of $24 million. who are these people? we learned they really have a great sense of humor. one ad company parodied new york state of mind with state of mind. ♪ there's no toilets round, just a big hole in the ground ♪ >> see the whole hilarious video on my blog. how did one potential bank tax on an island give everybody a market wedgejy? i asked, it's like fill in the blank. here's responses. it's like a 20 buck battery grounding entire 787 fleet. an unpruned tree in ohio taking down the entire northeastern power grid. like a kim kardashian marriage. only lasts a short while and utterly meaningless. bloomberg banning large sodas. sailing a carnival ship and expecting to make it home. like me giving a rip about honey boo boo's next show. >> i love all of those. >> i liked them all till the last one. jane wells has clearly not redneckognized that's a hot show. >> when you have to subtitle white pe
who is independent. the cpc wants a 49% federal income tax rate on top earners. they want half. and they don't want many deductions for those folks. also the congressional progressive caucus wants even more government spending. 2.5 trillion more, on, quote, job creation. another 2.2 trillion on things like science, energy, the environment and education. also the cpc does not want to cut entitlements. and, wants to give unemployed americans 99 weeks of cash compensation. nearly two years. the question is what does president obama think of the congressional progressive caucus? my opinion, he likes it i don't think the president believes that crew is fanatical because they want what he wants. by the way, the far left kooks do want to cut one thing, defense spending. they want to bring that back down to 2006 level. somewhere in iran is cheering. there comes a point when americans are going to have to decide what country, what kind of country they want. even taking half of what affluent americans earn, feds couldn't possibly afford what the far left wants to provide. so we would eve
return for free. it's free to prepare, print, e-file and you can even chat with a tax expert. get the federal free edition at turbotax.com. people have chosen it again and again for over eight years. its key ingredients are also found in every day food like avocados, broccoli and bananas. it contains about as much caffeine as a cup of the leading premium coffee. zero sugar. four calories. 5-hour energy is like... coffee with vitamins and nutrients. simple. put them together and it's a great combination. try a sip... then decide. ♪ >>> time for guys tell all, where the guys answer your burning questions on romance and relationships. first up, the steamy sexy, he's maricio. he's been married 17 years with four daughters. and next is comedian and actor rick younger who is married with a son. and we've got bob ginny. he's divorced and he's the host of "showdown." >> that's why we know bob? >> and last but not least is the single "cosmo" bachelor of the year, ryan shingelo. >> and sara haines is across the street at the nbc experience store. what kind of questions do you have? >> fir
the regular life. phillips'. - uh, hey... - i'm bob, we talked at the tax store... i did your taxes. i thought you were a tax expert? announcer: major tax stores advertise for preparers with no tax experience necessary. at turbotax, you only get answers from cpas, eas or tax attorneys. >>> before kathie lee took off we had a chance to sit down and talk with this great actor, gerrard butler. >> why didn't you wait until i was here. >> we wanted to hog him for ourself. >> the hunk who hails from scotland, gerard butler takes on a range of roles from romantic comedies to thrillers. >> his new movie is old-fashioned. he plays a secret service agent who is on the outs until the white house is seized by terrorists and the president is taken hostage. take a look. >> yes, the president is in the bunker. being held hostage. >> what do they want? >> we'll try to find out. >> who's in charge? >> trumble. are there any survivors with you? >> negative sir. they wiped us out. in the hallways with enough explosives to take out an army. >> okay. >> gerard is with us today. i'm shaking because i just finished
obamacare tax, the medical device tax on everything from latex gloves to wheelchairs to dentsal instruments. but health insurance industry advocates warn more taxes from this law are coming down the pike. >> the reform law includes a new $100 billion tax in health insurance that starts next year. 2014 will be $8 billion. that's going to mean an average will pay $100 more on a premium as a result of this tax alone. small businesses will pay over $350 for each family they provide coverage for. >> president obama said in a statement today that obamacare is already saving seniors money on prescription drugs. and it's slowing the growth of health care costs. the president also said in a statement today that, quote, beginning in october, you'll be able to sign up for new private health care plans through a new health insurance marketplace where private plans will compete to save middle class families money. but because many states say these marketplaces, these exchanges are too unwieldy and expensive for them to set up on a local level, it false on the federal government to set them up. >> no mon
in the military. we want to raise taxes on the wealthy, we want to make investments in education, and job training, and infrastructure and basic research and development and don't want to imposed a huge burden on the poor and working class. at least we have a budget now and at least democrats now can show that deficit reduction can be done responsible. responsibly. >> the lack of a bunt has been an effective talking point for republicans. why do you think they haven't reached an agreement? >> because they're democrats. they have a hard time reaching an agreement about anything. that's why they're democrats. the progressive caucus shows that it is possible to reduce the budget deficit by taking even more away from big corporations reducing corporate welfare to an even larger extent reigning in tax loopholes, and so-called tax expenditures. the democratic budget and senate budget is a very good place to begin. i think the progressive caucus's budget is much better. >> analysts are saying this budget is to the left of obama. many on the left would say we should have expected that. does this give the
. there was such a huge backlash over a proposed tax on bank deposits. >> yeah. >> very outspoken about that. >> absolutely. including people around europe worried too. you see there some worried people lining up outside atms because the banks are still closed, our nick paton walsh is in the capital. >> the reason people are in such large numbers is because this atm is working. some getting 500 euros, some less, not sure what the rules are to many of them but it's a symptom of a panic slowly setting in. we have a banking system here that's really beginning to collapse. people in shops saying they'd rather take cash because the people supplying them goods for sale insist on receiving cash concern for the government's pay system won't function in the 48 hours ahead. but above all people just trying to make sure they have enough money to get through the days ahead. >> so much uncertainty. so much distrust. richard quest is joining us now from london on this. so what happens monday if they don't come up with a so-called plan b? >> right. if there is no credible, workable plan, or a bailout plan,
. if tomorrow you wake up and you find there is a 10% tax on your bank deposits, you will not be happy. if you're a politician in cyprus you're dealing with this and they're bank backing away from it. it was a bad idea in the first place. cyprus needs $10 billion from the european union and the european central bank and they have given others like greece hundreds of billions of dollars. so they're upset. the cypriot banks are insolvent. they're going, they will get a run. melissa: they are insolvent and they will get a run, yeah. >> but it's not cyprus's fault in my view. melissa: doesn't matter whose fault it is if it happens. julia, what is the outcome? what is the domino effect? which if there is a run on the banks there which there certainly will be, should i withdraw money from my bank here? >> no, i don't think so. the structure of the cypriot problem was quite unique the bank assets in cyprus are something like 730% of the country's gdp. it really is is a safe haven for russian investors. that is why when they needed money, there is always going to be some burden-sharing in a bailout. w
together and been working to promote this worldwide which is going to be a benefit for our city and our tax coffers and our general budget. so, thank you for your time. >>> african diaspora maritime is in court and the new york state supreme court with an appeal, and i understand that there will be preliminary arguments in april. it's clear that kgyc, the acoc, oracle, san francisco lieutenant governor's office used inflated reports [speaker not understood] and tried to pull off the largest urban waterfront land deal in the country. i think it's about time that serious consideration be given to postponing the america's cup. larry ellison has already taken warren buffett's giving pledge to give his wealth to charity. i think that it might behoove him and others to invest in this america's cup. and allow teams that represent billion of people on the planet, whether they be blacks, hispanic, youth, women, chinese, the commonwealth, to participate and also to create many more festival-like events around the country. and these, i believe, should be funded by the group of individuals that have pr
to the controller and the mayor's office about how tax dollars come in and what funds and how they're spent by the city. but i would remind you in even my greatest enthusiasm, i always have the caveat, it would be our best efforts to do it. there was no way we could possibly guarantee it. >> and maybe ms. mcclellan can explain that $8 million concession agreement which is now a loan and how that operates as well. >> right, she can. thank you. >> thank you, good afternoon, i'm kerry mcclellan, ceo of the america's cup organizing committee. i'm going to sort of take these in order in response to your question about the opportunity for local corporate donors. we launched late last year a program called 1sf celebrating the cup, hiring two additional fund-raising counsel that had expertise with working with the local corporate community. and we're now in the market on that and have a number of verbal pledges. and i have to say that both mayor lee, but also lou ten an governor newsome and senator finestein and leader pelosi and others are leaning into that effort. i'm optimistic that just as we h
of this rescue are much different than the other ones. their bank deposits will be taxed. if you have over 100,000 euros in the bank 9.9 percent levy. less than, 6 and three quarters percent. many nervous people tapped out the atm. a lot of russians have money in cyprus. it is up for a parliamentary vote this afternoon. it can be changed and amended to penalize the smaller for less. the good news is markets in cyprus are closed today for holiday. futures are reacting very negative. >> that's scary the government. nabbing your money like that. people at the office notice younger people can be i am mature. >> appearance punkality and honesty all matter in the workplace. a survey of 400 human resources say a third of the highers aren't professional. 40 percent say they lack work ethic. 52 percent new hires have this heir of entitlement. might be they are more confident. they might have been coddleed by their parents. in this tight job market there's a lot of ways you can turn your passion into your job. many of the candidates might be saying i am too good for this job. >> they need the job to mak
for 2013, and adjusting the access line tax by the same rate. >> thank you. we have monique zamuda from the controller's office. >> good morning, members of the committee, monique zamuda deputy controller. consistent with the 911 fee requirements, the controller reviews on an annual basis, the consumer price index that allows us to set the fee based on the consumer price index that we have determined this past year to be 2.22%. and what is before you this morning is a resolution agreeing with that and authorizing us to increase the access line tax rate consistent with stpi adjustment. >> okay, thank you very much. colleagues, any questions for ms. zamuda? seeing none, we'd like to open this up to public comment. any members of the public who wish to comment on item number 1, please step forward. >>> good afternoon, budget subcommittee. ♪ you fell into a budget ring of fire the tax, it went it went all hire and it burns, burns, burns the ring of fire because your mind the taxes shine you walk the tax line because makes the tax shined you walk the line >> thank you, mr. paulson. (applau
think we need to regulate, tax and legalize marijuana so the -- that's a huge reason, that's a -- i hi we immediate to -- legalize it, tax it, regulate it. >> this idea about useful but overused. i want to explore that idea. because i think that's been the -- that's sort of the line for a lot of people, christine quinn, said that before. previous communications. called it a useful tactic. should we just ban the tactic? should people not get stopped and frisked? >> i disagree. it is -- policing tactic that's been wildly overused. obviously in many cases using it in unconstitutional manner. look, now you need the reform, the approach, and we need a new police commissioner. this is the difference i have certainly with christine quinn who wants to keep ray kelly, ray kelly has been the architect of the overuse and stop and frisk. we need inspector general. when we have had in new york city, think about magnitude here. hundreds of thousands of more stops a year. there was never a vote on that. never a public debate. >> comes back to, again, the need for a new mayor. and a mayor who understa
are calling for changes to the law including a medical device tax which a lot of democrats includie ining al franken want eradicated. congress will have to tweak the law but that's going to be very difficult because parties just don't generally agree on this law. >> the health and human services department which was involved to a certain extent was hit with sequester cuts. could that impact the viability of this new health care plan for america? >> i think the administration's going to put all the resources it can, because it is just so important to the white house, that they are going to put all their manpower. other programs within hhs would have to suffer. some republicans voted against the bill that would have averted a government shutdown because it does fund the implementation of obama care. >> interesting. big decisions that have to be made along the way. so it's not done until it's done. thanks so much, bob. happy sunday. >>> an extreme weather alert for you. it is supposed to be spring almost. well, guess what? big snowstorm moving across the country. that storm yesterday forced the
will have to come along with tax increases. this deal still hurts. >> i do not think there is any denying that the cyprus people will have to go through tough times and will suffer the consequences. we had to adjust over relatively a short period of time. rich: now the question is what does this mean for the rest of the euro zone? this, the bailout should be a template for the rest of europe and banks should be reduced. back to you. connell: rich edson lives in cyprus. trading halted in some of those italian banking stocks also added the comments in terms of a template. time to bring in axel merck. your thoughts? >> good morning. when someone screams fire, you do not want to shut the accident. halting stocks, i do not think, is helpful at all. i think it is rather responsible. the question is what will happen. obviously, investors are taking action. connell: you just look at the big board here in the united states and the green at the beginning of the day has now turned red. european markets losing some steam. you talk about the italian banks and how it would not be a good idea to halt th
for considering is the tax and spending blueprint for fiscal year 2014. live coverage at 2:15 eastern here on c-span2. south carolina is holding a primary today in the 1st congressional house district. here's a look at that race. >> host: well, here is the front page of the state newspaper this morning, a story by gina smith for the island packet. turnout will decide today's election for the 1st congressional seat in south carolina. gina smith is joining us on the phone this morning. of gina smith, tell me about this race. who's running and why? >> guest: well, good morning from south carolina. this is like christmas morning for me, i'm so excited. [laughter] this is really an exciting race. we have 18 republicans, two democrats, an incredibly crowded field. but some of the names in this race just make it just delicious to watch. we have mark stanford, the former -- sanford, the former governor who most of the nation remembers as the guy who slipped out of the country in 2009 so he could go visit his mistress, and he -- everyone thought he was hiking the appalachian trail, but he was up to some
. lower taxes on rich people, not lower taxes for everybody, right? they don't like taxes, but letting the payroll tax cut expire was in fact their policy. lower taxes in general. lower taxes on richer wealthier americans. cutting social programs. entitlements they go back and forth. medicare they go back and forth. you remember mitt romney and paul ryan ran in the election as they were going to stop the democrats terrible intention to cut medicare, then paul ryan got back winto the house and writin a budget he kept all those cuts and added new ones and had more added into this is program. the real shock in recent weeks or real frustration trying to cov covers the budget debates. republicans cover five issues, they want to cut the democrbudg deficits and cut defense spending and simplify the tax code and lower tax rates. in a deal with president obama they could get the first four, more deficit reduction, protect defense, the democratic president would get some cover in cutting medicare and social security and they could simplify the tax code by taking out expenditures. they are now sa
on the record for the first time. voting for or against changes in spending and tax hikes. mime immanuel is live on capitol hill. these votes, a lot more rapid fire than we are used to seeing out of that senate. >> that's right, shep. voting on anywhere from 25 to 30 amendments. the senate democrats' budget among the tough topics. abortion, taxes, and bailouts. so democrats on the 2014 ballot including mary ahead expeditiously. >> the senate will come to order. >> so i would just let all senators know you leave at your own peril. >> and senator murray's budget is expected to come up for a vote late night tonight with 55 democrats in the senate. it is expected to have enough support, shep. >> shepard: some surprising amendments to this thing here? >> that's right. there was something called the marketplace fairness act that just got 75 votes. supporters say it is designed to level the playing field for traditional merchants trying to compete with those on the internet in terms of taxes and it did earn bipartisan support. >> i have a very conservative friend over here on the republican side who sa
for 1 trillion in tax increases over the next decade. elizabeth plan will break it down at the bottom of the hour. president obama wrapping up four day tour in the middle east. before leaving israel the president managed to broker a an apology from netanyahu to the british prime minister over commando raid turkish ship that killed 8. he admitted mistakes were made in 2010 as forces were nato embargo. >> can i tell you about this meteor? >> i love that i was up up all night tracking this. this was the meteor they were talking about if you live along the east coast. it's all anybody is talking about. video of reportedly a meteor over a home in maryland from north carolina all the way up to maine. hundreds of people reported official across the sky. claims to captured the security video too. nasa experts says the space rock was probably the size of a softball or volleyball. they are not sure what size ball it was. perhaps a basketball. it burned up in the atmosphere though. >> alisyn: thank goodness. thank you for monitoring that. please call me immediately if you see it heading towards
with your 401(k)? well, over the weekend, european policymakers agreed to bail them out by imposing a tax on the savings accounts of people who live there. that's right. they're actually taking the bailout money directly from people's bank accounts. of course, that sent folks running to their atms to withdraw their money, sparking a panic. now there's concern the same thing will happen in other parts of europe. and even though wall street is hanging tough, could the cyprus crisis impact us down the line? tom foreman has a fancy show-and-tell to help break it all down for us. tom, thanks for joining us. i understand why cypriots are worried, but why should americans be? >> because this can rattle your wallet. >> really? >> look at this over here. i start with the rhetorical question. what do shreveport, louisiana, knoxville, tennessee, have in common? they have bigger economies than cyprus. it has over a million people. gdp of about 24 billion. but this place is in big trouble right now, because of the issue of debt. what they have is a massive debt. they're spending more than they have, s
closely in the tax realm. we'll see whether or not they have earnings. [closing bell rings] david: best buy up another 5%. that stock can not be denied. as you her the bells are ringing on wall street. looks like the indexes are going to keep essentially where they were before and after ben bernanke began to talk. looked like they were sliding a bit. they stopped that slide. trading this the 50 to 60-point range on the dow. the s&p is doing better percentagewise. nasdaq is doing well. russell 2000, small and mid-sized caps doing well. there are interesting company stories and sector stories as well, lauren. lauren: homebuilders are one of the sectors. among the best performers today on better-than-expected earnings from lennar. lennar as well as d.r. horton hitting new 52-week highs today. david: sort of a bellwether of the economy, what the economy is doing here and as well overseas caterpillar was the worst performer on the dow. it was only down less than 2%. it did drag down the dow from what it could have been. the company is reporting dealer sales, get this, in the asian region dro
of the nation of cyprus. the government elected to come up with a plan be after the parliament levied a tax of up to 10% on anyone who had any bank deposits. now the question is whether they going to do. this is important for us and of course, that can affect our 401k. but that dow average just hit a record high. greg is following the story from london. reporter: that's right, folks today are scrambling to come up with a new way from dragging all of your done with it. they voted down a plan that would see big bites taken out of private bank accounts. again, there has to be a way to get this country out of the way. one way to do it is lax banking regulations. moscow has a stake in all this. officials are reportedly looking for a big loan. back in, with strings like energy and getting rights for the people. the banks are worrying that people. we are told that it could be closed until some kind of deal is done. atms are working. you can get about $1300 out of it and atm each and every everyday. but the hitch is that the atm's run out of money by about 7:30 a.m. so you have to get there early.
the americans people and addresses things that are important to american families. you know, fixing the tax code, lowering the rates means more jobs and higher wages for the american people. voting for this budget means voting for the keystone pipeline. american-made energy means more jobs and lowering energy prices for the marn people. supporting patient-centered reforms means more jobs and lower health care costs for the american people. and protecting and strengthening medicare meeds a secure retirement for older americans. cutting waste means more airness and accountability for hardworking taxpayers. doing this means preserving the american dream, which is what we were sent here to do. we've balanced the budget before. 1997, republican congress working with a democrat president, bill clinton, came together to put the plan that would in fact balance the budget and we did. for four years ran a budget surplus. the president has an opportunity during this critical debate to come forward and to help make this part of his legacy like it has become part of the clinton legacy. working together on be
. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ >> all right. check it out. because punxsutawney phil is a wanted animal. an ohio prosecutor is not happy with the famed groundhog's prediction of an early spring. like much of the northwest and mideast it's frigid in the buckeye state and the prosecutor says he wants the ultimate, the death penalty. >> it's definitely not spring, it's a snowstorm and temperatures in the teens and when i came to work in the wind and the cold, i said to myself something's wrong with phil, you know? punxsutawney has some answers he has to give. i'm going to indict phil and taking the death penalty because let's face it phil is already behind bars with a life sentence. what else is left? >> before you write to complain, the prosecutor admits he has fun and the story has legs. here is a copy of the official indictment. >> poor punxsutawney, can't get a break. >> and the powerball jackpot 320 million. >> i've got my
. his government has been blamed for a lot. the country has become a bit of a tax haven for rich russians. some banks, we are told now, will reopen on tuesday, but restrictions will be in place. there was real fear there will be a run on those banks when they do reopen and in fact, we have just learned that the two biggest and most troubled banks will not reopen tomorrow. we're told now they won't open again until thursday. what is the u.s. take away from all this, megyn? >> europe, the ally, and trading partner for the united states, certainly, is intact. that's a good thing. but according to experts, the credibility of the euro shall the credibility of the european union has been damaged by all of this back and forth for the past couple of days. as you noted, a very dangerous precedent has been set, that is dipping into private bank accounts to pay for the government, and maybe that's why we see the markets both here and in the states go down today. >> megyn: greg palkot, thank you. it's not often that the economy in cyprus makes global headlines, but experts say the latest and
are on the table from consolidations to furlough days and asking the community to support a tax. since the beginning of the recession allen rock avoided some of the more painful cuts other districts went through. while the math is tough for grown ups the lesson is harder for the kids. >> i don't know how to explain to him you have to go to school because of no funding. gl i don't feel like leaving. i like this school. >> that was kris sanchez reporting. >>> he once wrote laws and policies for santa clara county. today the former president of the board of supervisors is on the wrong side of the law. george shirakawa pled guilty to 12 charges including felony regarding public money he reportedly used to feed a gambling addiction. what was his reaction today? >> reporter: given the d.a. said there was a dark cloud over santa clara county shirakawa didn't speak. fierce fighter for the poor and under privileged told the judge he broke the law. 12 times the judge asked former supervisor george shirakawa how he pled and 12 times shirakawa responded guilty. >> it's a very sad day when a super
are always trying to protect taxes or wealthy people? is that a problem out there with the rank-and-file voters? >> no, i mean -- i don't think so. i think that's obviously a misperception that's become a real perception by the public. but i think we have to talk about things in ways that people can relate to. i mean, if you're talking about taxes and taxing small businesses, you have to talk about the fact that if -- if -- if our small businessman has to pay more money to the government, then he's going to have less money to pay to his ememployers, and the ememployers will have less money to send kids to the school of their choice. i think it's a matter of talking about the debt differently. not just we are in imminent danger in a debt crisis in this country. but what does that mean to people? it means that our government is growing so fast and it's becoming so expensive that we're making payments to our credit cards that we can't afford, which means we have to keep -- we'll keep having this debate about needing more revenue to the government. well, that means less money in peo
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